2005 News

From December 6th, Quicken and E*TRADE Australia will begin offering a new service to enable Australian investors to integrate their online share trading with a comprehensive financial management package, for the first time. Read more... 

Reckon, a supplier of software for accountants, has boosted its bottom-line result by luring clients from its competitors. The company reported that its net profit before tax at the June 30 half year was $5.4 million, up 43% on its results in the same period last year. Its half-year revenue was up 18% to $22.2 million. Read more... 

Accounting software specialist Reckon has revealed that it is on the prowl to buy up rivals after upgrading its half-year profit forecast yesterday.

Reckon chief operating officer Clive Rabie said the revised profit forecast reflected revenue gains flowing from a bigger share of the accounting practice management software market. The company was exploring opportunities to further expand its customer base through acquisitions, he said. Read more... 

Financial software supplier Reckon forecast modest double-digit growth for the 2005 financial year after reporting a net profit surge of 66 per cent for the year ended December 2004.

Reckon, which sells Quicken accounting software, yesterday reported profit of $8.9 million on revenue 48 per cent higher at $36.6 million. Read more...